Pioneer's multi-billion dollar deal raises eyebrows

US producer Pioneer Natural Resources plans to buy Permian basin rival surprised some industry observers.

Pioneer Natural Resources: chief executive Scott Sheffield — Pioneer Natural Resources: chief executive Scott SheffieldPhoto: REUTERS/SCANPIX

Mark Passwaters

Houston

Pioneer Natural Resources USA Scott Sheffield Permian Basin Americas

Published 5 April 2021, 14:24Updated 6 April 2021, 06:34